The key support for the Nifty is at 17,512, followed by 17,419 and 17,270.
As per pivot charts, the key support for the Nifty is at 17,512, followed by 17,419 and 17,270.
SGX Nifty Trends in the SGX Nifty indicate a positive opening for the broader index in India with a gain of 30 points.
The net profit surge comes on the back of a healthy growth in disbursements that lifted net interest income by 24 percent to Rs 7,435 crore for the December quarter.
Overall, foreign portfolio investors (FPIs) have pulled out Rs 1.21 lakh crore from the Indian equity markets in 2022, following aggressive rate hikes by the central banks globally, particularly the US Federal Reserve, volatile crude, rising commodity prices and the Russia-Ukraine conflict.
Results on January 30 Larsen & Toubro, Tech Mahindra, Bharat Petroleum Corporation, Bajaj Finserv, Bajaj Holdings & Investment, CSB Bank, Emkay Global Financial Services, Exide Industries, GAIL (India), Inox Leisure, Laurus Labs, Mazagon Dock Shipbuilders, Nippon Life India Asset Management, Punjab National Bank, REC, SRF, Trident, and Welspun India will be in focus ahead of quarterly earnings on January 30.

Source - Money Control